Ritchie Bros. sees double-digit profit gains as U.S. market gains

People make their way through rows of heavy equipment during the Ritchie Bros. auction in Nisku, Alta., on April 26, 2016. THE CANADIAN PRESS/Codie McLachlan

VANCOUVER — Ritchie Bros. Auctioneers Inc. says it had double-digit profit and revenue growth in the second quarter compared to last year.

The Vancouver-based auctioneer, which reports in U.S. dollars, says it had $45.7 million or 42 cents per share in adjusted net income attributable to shareholders in the quarter, compared to $36.4 million or 33 cents per share in the same quarter last year.